FitLife Brands to acquire substantially all the assets of MusclePharm
- Katan
- Sep 27, 2023
- 1 min read
Updated: Nov 17, 2023
By FitLife Brands, Inc. (FTLF)
FitLife Brands (NASDAQ:FTLF) said the U.S. Bankruptcy Court for the District of Nevada approved its acquisition of substantially all the assets of MusclePharm.
The purchase price for the deal is $18.5M and will be funded by using cash on hand and the proceeds of a new committed $10M term loan.
The all-cash deal is expected to be highly accretive to existing shareholders once all transaction related costs have been met.
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